151,826 Shares in Philip Morris International Inc. (NYSE:PM) Bought by Aurora Private Wealth Inc.

Aurora Private Wealth Inc. purchased a new stake in Philip Morris International Inc. (NYSE:PM - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 151,826 shares of the company's stock, valued at approximately $24,099,000. Philip Morris International accounts for about 0.7% of Aurora Private Wealth Inc.'s holdings, making the stock its 25th biggest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings of PM. Lloyd Advisory Services LLC. raised its holdings in shares of Philip Morris International by 3.3% in the 1st quarter. Lloyd Advisory Services LLC. now owns 2,032 shares of the company's stock worth $323,000 after acquiring an additional 64 shares during the last quarter. Omnia Family Wealth LLC lifted its position in shares of Philip Morris International by 1.7% during the fourth quarter. Omnia Family Wealth LLC now owns 3,851 shares of the company's stock valued at $469,000 after purchasing an additional 65 shares in the last quarter. Wagner Wealth Management LLC boosted its stake in shares of Philip Morris International by 1.0% in the 1st quarter. Wagner Wealth Management LLC now owns 6,459 shares of the company's stock worth $1,025,000 after buying an additional 67 shares during the last quarter. Sonora Investment Management Group LLC raised its holdings in shares of Philip Morris International by 0.6% in the 1st quarter. Sonora Investment Management Group LLC now owns 11,240 shares of the company's stock worth $1,784,000 after purchasing an additional 68 shares during the period. Finally, Essex Savings Bank boosted its position in Philip Morris International by 2.0% during the first quarter. Essex Savings Bank now owns 3,443 shares of the company's stock worth $547,000 after purchasing an additional 69 shares during the period. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Stock Up 0.6%

Shares of NYSE:PM traded up $1.01 during midday trading on Thursday, hitting $180.61. 5,801,809 shares of the stock traded hands, compared to its average volume of 5,610,718. The business's 50 day moving average is $175.25 and its two-hundred day moving average is $152.07. The stock has a market capitalization of $281.13 billion, a PE ratio of 37.24, a P/E/G ratio of 2.60 and a beta of 0.52. Philip Morris International Inc. has a one year low of $100.80 and a one year high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 earnings per share for the quarter, topping analysts' consensus estimates of $1.61 by $0.08. Philip Morris International had a negative return on equity of 122.40% and a net margin of 8.43%. The firm had revenue of $9.30 billion for the quarter, compared to analyst estimates of $9.10 billion. During the same period last year, the company earned $1.50 EPS. The business's quarterly revenue was up 5.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th will be issued a $1.35 dividend. The ex-dividend date is Friday, June 27th. This represents a $5.40 annualized dividend and a yield of 2.99%. Philip Morris International's dividend payout ratio (DPR) is presently 111.34%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on PM shares. UBS Group upgraded Philip Morris International from a "sell" rating to a "neutral" rating and increased their target price for the stock from $130.00 to $170.00 in a research report on Friday, April 25th. Needham & Company LLC began coverage on Philip Morris International in a research note on Thursday, May 22nd. They issued a "buy" rating on the stock. Wall Street Zen upgraded Philip Morris International from a "hold" rating to a "buy" rating in a research report on Saturday, June 21st. Barclays reaffirmed an "overweight" rating and issued a $220.00 target price (up previously from $205.00) on shares of Philip Morris International in a research note on Friday, June 13th. Finally, Bank of America boosted their price objective on shares of Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $176.80.

Philip Morris International Company Profile

Philip Morris International Inc operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.